Subscription Management
Subscription Management with Built-In CIAM
Veriam is a comprehensive subscription management platform that enables businesses to sell, bill, and manage software subscriptions while ensuring secure access control through integrated Customer Identity and Access Management (CIAM).
By combining subscription management and CIAM, Veriam provides a seamless experience for both software providers and their customers, simplifying access control, billing, and compliance in one unified platform.
How Veriam’s Subscription Management Works
With Veriam, providers can:
Create & Manage Subscription Plans – Offer free, flat-fee, per-user, and one-time cost plans.
Automate Billing & Invoicing – Veriam, as the Merchant of Record, handles payments, invoices, and tax compliance.
Support Flexible Pricing Models – Enable recurring, usage-based, or tiered pricing to fit different business needs.
How Veriam’s CIAM Enhances Subscription Management
Veriam’s built-in CIAM ensures that only authorized users can access subscription-based services.
This includes: 🔒 Seamless Authentication – Single sign-on (SSO), multi-factor authentication (MFA), and social login options. 🔒 Role-Based Access Control – Admins, billing contacts, and users can have different permissions based on their subscription. 🔒 Domain-Based Organization Management – If a user signs up with an existing company domain, they can join their organization or create a new one. 🔒 Secure Subscription Access – Users only access features based on their active subscription plan.
Why Veriam?
✅ One Platform for Subscriptions & Identity – No need for separate tools for subscription billing and CIAM. ✅ Frictionless Onboarding – Users can sign up, subscribe, and access services in one flow. ✅ Compliance & Security – Veriam ensures compliance with tax regulations and security best practices.
With Veriam, businesses can focus on growing their SaaS offerings, while we handle billing, access management, and compliance.
Introduction
As your merchant of record, we handle your payments, tax, subscription management and more, so you can focus on growing your business.
If your business is subscription based, we can help you set up your plans, pricing and billing details and we handle all the invoice generation and payment collection.
We provide all the metrics that matter to help you grow successfully including revenue, conversion, growth, churn and retention dashboards.
What is a Merchant of Record?
A merchant of record provider is a third-party service that handles the entire payment process, including transaction processing, tax management, and compliance, on behalf of businesses selling products or services online. When it comes to managing subscriptions and invoicing, an MoR provider takes on several key responsibilities:
Payment processing: Handles all aspects of payment transactions, including accepting various payment methods and currencies.
Subscription management: Manages recurring billing cycles, upgrades, downgrades, and cancellations.
Invoicing: Generates and sends invoices to customers on behalf of the business.
Tax calculation and remittance: Calculates, collects, and remits appropriate taxes across different jurisdictions.
Compliance management: Ensures adherence to financial regulations and industry standards (e.g., PCI-DSS, GDPR).
Fraud prevention: Implements security measures to protect against fraudulent activities.
Customer support: Often provides dedicated support for payment-related issues.
Benefits of using a Merchant of Record:
Simplified operations: Businesses can focus on core activities while the MoR handles complex payment and compliance issues.
Global expansion: Facilitates easier entry into new markets by supporting multiple currencies and local payment methods.
Reduced compliance risk: MoRs ensure businesses stay compliant with various regulations across different regions.
Improved cash flow: Consolidates transactions and ensures timely settlements.
Enhanced security: Implements robust fraud detection and prevention systems.
Streamlined customer experience: Provides a seamless payment process, potentially increasing conversion rates.
Cost-effective: Often more economical than managing these processes in-house, especially for businesses operating across multiple jurisdictions.
Scalability: Designed to handle large volumes of transactions and support business growth.
Flexibility: Allows businesses to easily offer various pricing models and subscription plans.
By leveraging a merchant of record provider, businesses can streamline their subscription and invoicing processes while reducing the administrative burden and compliance risks associated with managing these aspects internally. This is particularly beneficial for companies operating in multiple markets or dealing with complex regulatory environments.
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